Ahead of the 1 October licence applications deadline, housing minister Paul McLennan discusses the importance of the short term let licensing scheme in Scotland, looking at its benefits to tourism and local economies, and addressing potential safety and housing availability risks. A few weeks ago, I
Property
Characterised as “more complicated and expensive”, Scotland's housing market is predicted to see sales decrease by around 15% over the year and average house prices expected to drop by 5%, according to Rettie & Co.'s Summer Briefing Report.
Highland property investment and development company Ark Estates has procured an industrial site for redevelopment in Invergordon on the Cromarty Firth. The site, strategically positioned in the Castle Avenue Industrial Estate, is in close proximity to the Port of Cromarty Firth. This port, along wi
The Flodigarry Hotel on the Isle of Skye has brought to market by Colliers with offers starting at £3.5 million.
Scottish property firm Crucible Developments has revealed plans to tackle Dundee's student accommodation deficit as it expands its property development portfolio, with backing from the Bank of Scotland. Operating from its HQ in Ayr since 2016, Crucible Developments has been working on commercial and
Property and private equity manager, Maven Capital Partners, has announced the commencement of its redevelopment project, turning Dalian House, a 64,000 sq ft office building in Glasgow, into a bespoke build-to-rent (BTR) complex. The development, located at the intersection of St Vincent Street and
Scotland's average house price has risen to £187,150 in April 2023, marking a 2.0% rise compared to the same month the previous year, according to provisional data from the UK House Price Index (HPI). Comparative monthly data indicates an increase of 1.3% in Scottish house prices between
A former Aberdeen hotel is to be developed into student accommodation following the completion of a £9.7 million development loan facility. The site was formerly a Hilton Hotel that ceased trading in early 2020. As such, only minimal work is necessary to achieve the conversion to stu
A five-bedroom property on The Scores, one of the most sought-after streets in St. Andrews, has been brought to market by Savills with offers starting at £4 million. The historical property at 18 The Scores has undergone a remarkable transformation into an impressive contemporary home.
The Scottish housing market continues to demonstrate strong resilience amidst increasing prices, as revealed by the latest data from Walker Fraser Steele. The average house price in Scotland experienced a surge of 0.7% in April, reaching £221,267. This figure represents a £1,600 increase
Savills is marketing Dunbeath Estate and Castle for offers over £25 million.
Scotland's housing market activity has continued to experience a slowdown in May, with indicators suggesting that potential increases in interest rates might further pressure the market, according to the recent Residential Market Survey by the Royal Institution of Chartered Surveyors (RICS). As was
New research from CBRE has identified Edinburgh and Glasgow amongst the UK’s highest growth cities across multiple real estate sectors over the next ten years
First-time buyers in Scotland paid less for a deposit in Q1 than the last three months of 2022, according to new data from TSB.
Estate and letting firm DJ Alexander has achieved £15 million in property sales in May, recording its highest-ever sales figure in a single month. As part of the national Lomond Group, the firm stands at the forefront of the booming Scottish property market.